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SBICARD
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As of the latest trading session, SBI CARDS & PAY SER LTD share price is currently at ₹ 880.4, which is down by ₹ -7.09 from its previous closing. Today, the stock has fluctuated between ₹ 878.10 and ₹ 897.70. Over the past year, SBI CARDS & PAY SER LTD has achieved a return of 27.88 %. In the last month alone, the return has been -2.45 %. Read More...
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| Particulars | SEP 2025 (Values in Cr) |
|---|---|
| Revenue | 4960.98 |
| Operating Expense | 5296.78 |
| Net Profit | 444.77 |
| Net Profit Margin (%) | 8.96 |
| Earnings Per Share (EPS) | 4.67 |
| EBITDA | 1394.85 |
| Effective Tax Rate (%) | 25.84 |
| Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
|---|---|---|---|---|---|
| ALFRED HERBERT (INDIA) LTD. | 3239.00 | 23.66 | 2.04 | 249.40 | 1770.00 / 3974.00 |
| BAJAJ HOLDINGS & INVESTMENT LT | 12074.95 | 19.32 | 2.14 | 134382.12 | 10125.00 / 14873.20 |
| TATA INVESTMENT CORPORATION LT | 786.00 | 113.09 | 1.27 | 39767.90 | 514.72 / 1184.00 |
| Naperol Investments Limited | 1437.10 | 23.31 | 0.90 | 825.90 | 801.00 / 2041.00 |
| PIRAMAL ENTERPRISES LTD. | 1124.60 | 49.00 | 0.94 | 25492.17 | 849.90 / 1355.90 |
| Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
|---|---|---|---|---|---|
| ALFRED HERBERT (INDIA) LTD. | 3239.00 | 24.00 | 2.29 | 249.40 | 1770.00 / 3974.00 |
| ARAVALI SECURITIES & FINANCE L | 4.57 | 0.00 | -7.46 | 6.92 | 3.44 / 7.37 |
| BAJAJ HOLDINGS & INVESTMENT LT | 12074.95 | 91.94 | 6.93 | 134382.12 | 10125.00 / 14873.20 |
| GKW LIMITED | 1720.20 | 0.00 | 2.89 | 1026.96 | 1371.00 / 4149.90 |
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Revenue came in at ₹4,877 crore in Q1 FY25-26, compared with ₹4,359 crore in Q1 FY24-25. Financing profit stood at ₹625 crore in Q1 FY25-26 versus ₹725 crore in Q1 FY24-25, while the financing margin softened to 13% from 17%. Net profit was ₹556 crore in Q1 FY25-26 compared with ₹594 crore in Q1 FY24-25. These figures capture the company’s quarterly performance and year-on-year movement.
Date Source: screener.in, and corporate filings on NSE/BSE
SBI’s Revenue for FY25 stood at ₹18,074 crore, compared with ₹16,986 crore in FY24. Financing profit came in at ₹2,164 crore in FY24-25 versus ₹2,931 crore in FY23-24, with the financing margin at 12% in FY24-25 against 17% in FY23-24. Net profit was ₹1,916 crore in FY24-25 compared with ₹2,408 crore in FY23-24.
Date Source: screener.in, and corporate filings on NSE/BSE
The company declared an interim dividend of ₹2.50 per share with an ex-date of 25 February 2025, same as ₹2.50 per share announced on 28 March 2024. In March 2023 and March 2022, the payout was also ₹2.50 per share. Earlier, in May 2020, the interim dividend stood at Re 1 per share. These figures highlight the company’s dividend history and annual distribution.
Date Source: screener.in, and corporate filings on NSE/BSE
SBI Cards and Payment Services Limited is a familiar name in India’s consumer finance space, a subsidiary of State Bank of India, yet operating with its own listed identity. Incorporated in 1998 as a private company, it carried the backing of the country’s only bank right from inception. In August 2019, ahead of its eventual listing, the entity converted into a public limited company. That structural change reflected how the business had outgrown its early niche and become a large-scale retail lender in its own right.
In essence, this company issued credit cards and sold insurance associated with those credit cards. As of March 2025, the State Bank of India owned 68.63% of the equity, which kept the parent well-positioned to have strategic control. With more than 1.68 crores of cards in force, SBI Cards is the larger credit card issuer in the country. The variety (from mass-market products to premium cards) is essential to its positioning; by offering a breathing room to variety to products in line with India's heterogeneous consumption patterns.
The context of the late 1990s mattered! Credit cards were still a novelty in India, associated with metro-city consumption. SBI’s parentage gave the business an edge — brand trust, distribution strength, and credibility with regulators. Over time, these advantages allowed the company to scale faster than industry averages. Between 2017 and 2019, for instance, card spending grew at a compound rate above 54 percent, versus 36 percent for the market, while card numbers expanded at roughly 35 percent CAGR against an industry pace of 26 percent. In a way, the company rode structural tailwinds — urbanisation, e-commerce adoption, rising incomes — but it also executed consistently on distribution.
The product portfolio has always been broad. Flagship offerings such as SimplySave, SimplyClick, Prime, and Elite targeted distinct customer segments, from entry-level to affluent. Alongside, SBI Cards built a strong co-brand business, partnering with travel operators, fuel retailers, fashion chains, and healthcare networks. Ties with names like Air India, BPCL, Apollo Hospitals, IRCTC, and OLA Money meant access to sticky, transaction-driven customer bases. The company also worked with global networks Visa, Mastercard, RuPay, and, later, Amex, ensuring flexibility in acceptance and pricing.
By 2019, over 32,000 outsourced sales personnel covered 145 cities, pitching cards at bank branches, malls, fuel stations, and airports. This on-ground presence was complemented by SBI’s own branch network, offering access to more than 445 million bank customers. Digital onboarding then added scale — website, app, tele-sales, and targeted SMS/email campaigns became mainstream channels. By this stage, SBI Cards was recognised as the leading player in open-market customer acquisition.
FY20 saw launches such as Club Vistara SBI Card, Central Bank of India SBI Card, Ola Money SBI Card, and the IRCTC Premier Card. In parallel, the amalgamation of SBI Business Process Management Services in 2019 rationalised internal operations. FY21 added BPCL Octane and AURUM at the premium end, along with Paytm co-brands. The following year brought Nature’s Basket, Fabindia, Pulse, and Sprint cards, reflecting a tilt towards lifestyle and wellness.
SBI Card sourced 34.1 lakh new accounts in FY20, 26.9 lakh in FY21 during a pandemic slowdown, and bounced back with 35.7 lakh in FY22. FY23 was particularly strong with 52 lakh accounts, alongside the launch of cashback and new co-brand variants. FY24 kept up the cadence: Reliance and Titan co-brands were introduced, digital journeys overhauled, new retention tools developed, and RuPay cards enabled for UPI payments. By FY25, the company had launched SBI Card MILES, its first core travel product, extended Sprint to SBI’s digital banking channels, and added 43.6 lakh new accounts.
1. Who is the CEO of SBI Cards & Payment Services Ltd?
SBI Cards & Payment Services Ltd appointed Abhijit Chakravorty as CEO on 12 Aug 2023. He is responsible for steering the company's strategic direction, managing key operations, and enhancing shareholder value through a customer-focused approach and innovative financial products.
2. When was SBI Cards & Payment Services Ltd established?
SBI Cards & Payment Services Ltd was established in 1998 with a focus on offering credit card issuance and comprehensive payment services across India, quickly becoming one of the prominent credit card providers, backed by the State Bank of India’s extensive network.
3. What factors influence the SBI card share price?
The SBI card share price is primarily influenced by financial performance, broader economic conditions, market trends, and investor sentiment. Additionally, changes in credit card usage patterns and regulatory impacts on the finance sector can significantly affect the share’s market value.
4. Is SBI Cards & Payment Services Ltd debt-free?
SBI Cards & Payment Services Ltd is not debt-free. It leverages strategic debt to finance its operational needs and support growth objectives, managing it effectively to ensure sustainable expansion and maintaining a balanced capital structure for long-term stability.
5. What is the CAGR of SBI Card Share?
The CAGR of SBI Card Share has shown a recent decline, with a 3-year CAGR of -14% and a 1-year CAGR of -8%, reflecting the impacts of market conditions and company-specific challenges affecting the stock’s growth trajectory.
6. How has the SBI card share price performed over the past year?
Over the past year, the SBI card share price has faced downward pressure, influenced by economic shifts, fluctuations in investor sentiment, and evolving industry trends, highlighting the challenges faced by the company in maintaining share value.
SBI Cards and Payment Services Limited was incorporated as a private limited Company with the name 'SBI Cards and Payment Services Private Limited' on May 15, 1998 in New Delhi. On the conversion of Company to a public Limited Company, the name was changed to, 'SBI Cards and Payment Services Limited' on August 20, 2019. The Company is engaged in the business of issuing credit cards to consumers. It also acts as corporate insurance agent for selling insurance policies to credit card customers. State Bank of India is having a holding of 68.63% as at March 31, 2025.
The Company is a subsidiary of State Bank of India (SBI) and is the second largest credit card issuer in the country. With more than 1.68 crore cards in force, the Company offer financial access through wide range of value-added payment products and services that fulfill transactional and credit requirements. It focus on delivering a diverse portfolio of credit cards, which support cashless and contactless digital payments in India while ensuring safety and transparency of transactions.
The Company started its operations in 1998, and since then SBI's parentage and highly trusted brand have allowed it to quickly establish a reputation of trust, reliability and transparency with its cardholders. According to the RBI, the company has grown its business faster than the Indian credit card market over the past three years both in terms of numbers of credit cards outstanding and amounts of credit card spends, and the company believes it has achieved this by leveraging its strength and capitalizing on India's favourable economic and demographic changes, including its strong macroeconomic performance, rising affluence, increasing consumer demand, rapid urbanization and the growth of e-commerce platforms. From March 31, 2017 to March 31, 2019 its total credit card spends grew at a 54.2% CAGR (as compared to a 35.6% CAGR for the overall credit card industry, according to the RBI) and the number of its credit cards outstanding grew at a 34.5% CAGR (as compared to a 25.6% CAGR for the overall credit card industry, according to the RBI).
SBI Cards has a broad credit card portfolio that includes SBI Card-branded credit cards as well as co-branded credit cards that bear both the SBI Card brand and its co-brand partners' brands. The Company offers four primary SBI Card branded credit cards: SimplySave, SimplyClick, Prime and Elite, each catering to a varying set of cardholder needs. The Company is also the largest co-brand credit card issuer in India according to the CRISIL Report, and it has partnerships with several major players in the travel, fuel, fashion, healthcare and mobility industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, among others. The Credit cards portfolio is tailored to meet a diverse range of cardholder needs across the entire spectrum of its cardholders' income profiles and lifestyles, from the 'premium' cardholder category to the 'affluent', 'mass affluent', 'mass' and 'new to credit' categories. The Company issues its credit cards in partnership with the Visa, MasterCard and RuPay payment networks, and it is continuously looking to expand its payment network partnerships to broaden the reach and functionality of its credit card offerings.
SBI Cards has a diversified customer acquisition network that enables it to engage prospective customers across multiple channels. The Company deploys a sales force of 32,677 outsourced sales personnel as of December 31, 2019 operating out of 145 Indian cities and which engages prospective customers through multiple channels, including physical points of sale in bank branches, retail stores, malls, fuel stations, railway stations, airports, corporate parks and offices, as well as through tele-sales, online channels, email, SMS marketing and mobile applications. The Company is the leading player in open market customer acquisition in India according to the CRISIL Report. SBI Cards had a presence in 3,190 open market points of sale across India as of December 31, 2019. In addition, its partnership with SBI provides access to SBI's extensive network of 21,961 branches across India, which enables it to market their credit cards to SBI's vast customer base of 445.5 million customers as of December 31, 2019. Its extensive physical customer acquisition network is complemented by its digital sales and marketing capabilities which include their website, mobile application and online, email and SMS marketing platforms.
SBI Card sourced 34.1 lakh new accounts in FY 2020. It launched 8 new products across diverse categories and segments such as Lifestyle Home Centre, Max, Spar SBI Card, Club Vistara SBI Card, Central Bank of India SBI Card, City Union Bank SBI Card, Shaurya SBI Card, SBI Card Vyapaar Unnati, Ola Money SBI Card and IRCTC SBI Card Premier. It started issuing RuPay denominated card from September 2019 with the launch of Shaurya Cards. It engaged with leading merchant partners across categories from apparel, consumer durables to online shopping, healthcare, utility bill payments to provide value to cardholders on transacting with SBI Card.
In FY20, in line with Hon'ble NCLT Order dated June 04, 2019, erstwhile SBI Business Process Management Services Pvt. Ltd (SBIBPMSL) amalgamated with SBI Cards and Payment Services Limited from the appointed date i.e. April 1, 2018. Pursuant to said Amalgamation, the Company allotted 9,51,12,054 fully paid equity shares of Rs. 10 each to the shareholders of erstwhile SBIBPMSL.
In FY 2021, the Company launched BPCL SBI Card OCTANE, a premium version of the existing card. It also launched AURUM in a superior
premium segment card, targeted at CXO's. It sourced 26.9 Lac new accounts in FY21. It launched IRCTC SBI Card on RuPay platform, Delhi Metro SBI Card, Paytm SBI Card, SBI Elite and Prime Amex-SBI Card. It partnered with American Express (AMEX network to issue credit cards on their payment network.
In FY 2022, the Company launched Nature's Basket SBI Card, SBI Card PULSE, Aditya Birla SBI Card, SBI Card SPRINT and Fabindia SBI Card. It sourced 35.72 lacs new accounts to reach 1.38 Crore in FY 2022. Apart from this, it focused on digital acquisition channels for sourcing of new accounts.
During FY2023, the Company introduced 52.02 lakh new accounts. The Company launched three card variants comprising of CASHBACK SBI Card, Aditya Birla SBI Card and Punjab & Sind Bank (PSB) SBI Card.
In 2024, Company launched Reliance SBI Card and Titan SBI Card. In FY 2023-24, SBI Card launched numerous features and functionality updates to simplify servicing, enhance customer experience, increase engagement, and drive transactions. Some key implementations include - Overhauling the UI redesigns and enhancement of customer journeys on the 30+ features of the SBI Card App, integration on new
Insurance cross-sell product, development of retention tools in the card closure journey to retain customers, addition of instant gift voucher purchase option, creation of app notifications center, DigiLocker integration for KYC renewal and Address change process, enable UPI on RuPay cards. The Company further has launched SBI Card MILES, the first travel core credit card in the portfolio. In FY 2025, it has extended SBI Card SPRINT to YONO and internet banking of SBI too. 43.6 lakh new accounts have opened in FY 2025.
SBI Cards & Payment Services Ltd share price is for NSE ₹ 880.40 & for BSE ₹ 881.20 as on Nov 04 2025 03:30 PM.
The market cap of SBI Cards & Payment Services Ltd for NSE ₹ 83,774.20 & for BSE ₹ 0.00 as on Nov 04 2025 03:30 PM.
The 52 Week High and Low of SBI Cards & Payment Services Ltd for NSE is ₹ 1,027.25 and ₹ 663.05 and for BSE is ₹ 1,023.05 and ₹ 663.20.
The 1 year returns on the stock has been 27.88%.
As on Nov 04 2025 03:30 PM the price-to-earnings (PE) ratio for SBI Cards & Payment Services Ltd share is 43.66.
As on Nov 04 2025 03:30 PM, the price-to-book (PB) ratio for SBI Cards & Payment Services Ltd share is 155.42.
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